02:52 PM EST, 12/20/2024 (MT Newswires) -- Blackstone (BX) is bringing on board two dealmakers, one from KKR (KKR) and one from Ares Management ( ARES ) , who will focus on asset-based debt as the company seeks to continue expanding into private credit, Bloomberg reported Friday, citing a person with knowledge of the matter.

Andie Goh, who recently handled asset-based deals across private and public markets for Ares, will join Blackstone in early January, while Jack Ervasti, who was co-head of consumer in asset-backed debt at KKR, joined earlier this month, the report said.

Both have been hired as managing directors at Blackstone's credit and insurance arm BXCI, and will be based out of New York, according to the report.

Blackstone declined MT Newswires' request for comment, while KKR and Ares did not immediately reply.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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